Business description: Icade

Icade is both a commercial real estate company (assets at 12/31/2025: EUR 6.1 billion, including 100% ownership and joint-venture interests) and a property developer (net sales in 2025: EUR 1.1 billion), operating throughout France. As a long-term partner, Icade responds to changing needs and puts climate issues and the preservation of biodiversity at the heart of its business model, reinventing real estate and contributing to a more sustainable city.

Listed (SIIC) on Euronext Paris, Icade's main shareholder is the Caisse des Dépôts group.

Number of employees: 981

Sales by Activity: Icade

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

Property Development

94Cr 107.71Cr 113.92Cr 121.41Cr 112.79Cr

Property Investment

41Cr 40Cr 52Cr 38Cr 35Cr

Intersegment Transactions and Other Items

-1.55Cr -1.76Cr 13L -10L -21L

Unallocated Adjustment for Property Development Joint Ventures

- - - -18Cr -14Cr

Healthcare Property Investment Business

32Cr 36Cr - - -

Geographical breakdown of sales: Icade

Fiscal Period: December 2021 (EUR) 2022 (EUR) 2023 (EUR) 2024 (EUR) 2025 (EUR)

France

164.8Cr 182.96Cr 152.47Cr 141.23Cr 133.69Cr

Executive Committee: Icade

Manager TitleAgeSince
Chief Executive Officer 44 21/04/2023
Director of Finance/CFO 60 07/04/2025
Chief Tech/Sci/R&D Officer - 01/07/2024
Compliance Officer 56 01/01/2018
Corporate Secretary - 29/06/2026

Composition of the Board of Directors: Icade

Director TitleAgeSince
Director/Board Member 63 31/05/2011
Director/Board Member 69 23/05/2016
Director/Board Member 52 24/04/2019
Director/Board Member 68 06/10/2020
Director/Board Member 61 17/10/2019
Director/Board Member 56 20/10/2023
Director/Board Member 54 06/12/2023
Director/Board Member - 19/04/2024
Director/Board Member 61 20/10/2023
Chairman 64 10/06/2026

Shareholders: Icade

NameStocks%Valuation
Government of France
39.2 %
2,98,85,071 39.2 % 542 M €
Predica Prévoyance Dialogue du Crédit Agricole SA (Invt Port)
18.85 %
1,43,73,960 18.85 % 261 M €
Goldman Sachs International (Invt Mgmt)
4.156 %
31,68,333 4.156 % 57 M €
2.241 %
17,08,418 2.241 % 31 M €
Icade Employee Stock Ownership Plan
0.5532 %
4,21,722 0.5532 % 8 M €

Holdings: Icade

NameStocks%Valuation
ICADE
0.54%
4,08,4660.54% 7 M $

Company details: Icade

Icade SA

Tour Hyfive

92074, Paris

+33 1 41 57 70 00

http://www.icade.fr
address Icade(ICAD)

Group companies: Icade

NameCategory and Sector
Quinconces Activites SCI
Real Estate Development
Real Estate Development
Silky Way SCI
Stratège SCI

Diversified REITs

Change 5-day change 1-year change 3-year change Capi.($)
+0.41%-1.69%-33.62%-49.27% 123.25Cr
+3.15%+0.14%-4.60%+22.19% 1.43TCr
+0.61%+3.54%+4.86%+15.16% 721.93Cr
+1.92%+4.61%-14.05%+27.88% 624.48Cr
-0.33%+2.65%+11.03%+40.71% 576.57Cr
-0.17%+1.35%-6.29%+11.09% 566.28Cr
+5.50%+1.16%-16.29%+26.01% 538.3Cr
+2.24%+1.83%-23.07%-29.84% 519.03Cr
+0.69%+0.55%-24.07%-9.41% 504.56Cr
+3.34%+2.19%+3.30%+37.40% 417.83Cr
Average +1.72%+0.34%-10.28%+9.19% 601.77Cr
Weighted average by Cap. +1.94%+0.51%-7.42%+15.46%
Trader
Investor
Global
Quality
ESG MSCI
AAA
MarketScreener Ratings - Icade
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
11
Last Close Price
14.55EUR
Average target price
19.26EUR
Spread / Average Target
+32.40%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Icade